At the early hours of this morning the RBA decided to keep interest rates on hold at 2%.
This is no surprise as the RBA minutes last month suggested lower interest rates had stimulated growth within the economy.
Later this week Australia are set to release their latest Import and Export numbers. With the Chinese economy continuing to slow I wouldn’t be surprised if the data releases weaken the Australian dollar.
If you are buying or selling Australian Dollars I would recommend getting in touch to put a strategy in place which will maximise your returns. In order to protect you against market fluctuations we have different contract options available that will meet your needs and requirements. In addition if you have a currency transfer that is immanent and you want to save money on exchange rates compared to using your own bank or the brokerage you already use then contact me directly for a free quote. Dayle Littlejohn firstname.lastname@example.org. Alternatively if you would prefer to call me Monday morning +0044(0)1494 787 478 and ask for Dayle Littlejohn.
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